• EDEN
• FCHI
• RENA
• SBF120
• SOLB
• STLAM

France stocks mixed at close of trade; CAC 40 down 2.00%

France's stocks displayed mixed results with the CAC 40 declining 2% while the SBF 120 gained 0.66%. Stellantis faced significant losses, marking a challenging day for certain sectors.

• BMWG
• F
• MBGAF
• RENA
• STLAM
• TM
• VOWG_p

European carmakers warn on profits as sector grapples with weak demand, rising costs

Stellantis and other European automakers warn of declining demand and rising costs, affected by weak markets in China and the US, resulting in significant drops in stock values.

• AML
• BMWG
• MBGAF
• RENA
• STLA
• STLAM
• STOXX
• VOWG_p

European autos stocks wipe off $10 billion after Stellantis warning

European auto stocks fell nearly 4% due to warnings from key companies about earnings declines amid slowing demand and increased competition, with forecasts predicting a 14% drop in 2024.

• AML
• STLAM

Stellantis and Aston Martin shares tumble after carmakers issue profit warnings

Stellantis and Aston Martin issued profit warnings due to weak demand in China, leading to significant stock price declines and revised financial forecasts for 2024.

• CL
• DE40
• FCHI
• HK50
• JP225
• LCO
• STLA
• STLAM
• STOXX
• UK100

European stocks fall after UK growth revision; mixed Asian markets in focus

European stock markets declined as investors reacted to economic data and varied Asian market performances, with oil prices rising amid Middle East tensions.

• STLAM

Stellantis warns on profit, citing global markets, Chinese competition

• ELIS
• EUR/GBP
• EUR/USD
• FCHI
• FRVIA
• GC
• GTT
• LCO
• PRTP
• SAF
• SBF120
• SCHN
• SGOB
• STLAM
• STMPA
• TRIA

France stocks higher at close of trade; CAC 40 up 0.64%

France's stock market saw gains, especially in Consumer Goods and Technology, with the CAC 40 reaching a three-month high; Kering and Trigano performed strongly.

• SBF120
• STLAM
• STOXX
• VOWG_p

Car parts supplier Forvia cuts 2024 outlook again, to speed up job cuts

Forvia lowered its annual sales and profit forecasts again due to weak auto demand and announced accelerated job cuts in Europe, impacting its financial outlook.

• BMWG
• F
• GM
• NSANY
• STLA
• STLAM
• VOWG_p
• XPEV

Analysis-Stellantis CEO follows Chinese route to avoid EV tariff 'trap'

Stellantis aims to adopt a low-cost strategy inspired by Chinese EV makers while navigating trade barriers in Europe and the U.S. amidst evolving industry dynamics.

• RENA
• STLAM
• TSLA
• VOWG_p

EU car sales at 3-year low in August, EV sales plunge 44%

New car sales in the EU dropped 18.3% in August, hitting a three-year low, with significant declines in electric vehicle sales prompting calls for urgent industry relief.